We are proud to announce a new partnership between the Renos and Drac development teams.
Renos will be offering 1,000,000 DRAC via thier telegram crowdfunding tool with the following agreed terms:
- For every 4 RNS sent, 1 DRAC will be given.
- Any RNS raised by the crowdfund will enter escrow in which the DRAC team can request withdrawals for development. Withdrawal requests have to be publically announced 24 hours prior to the withdrawal either by DRAC team or Escrow. This is to inform the community of development actions and prevent potential misuse as the escrow reserves the right to postphone the withdrawal if there is a strong community backlash against it.
- Renos team will receive 250,000 DRAC to enter the same escrow rules as above. In return they will provide support setting up an ICO for the remaining supply at a later date, Promotion, Announcement page & website.
- If the ICO for the remaining supply occurs in the month (30 days) after the starting date of the Renos crowdfunding campaign, the price must be above the 1:4 swap ratio to ensure that the renos coins sell out first.
- Both teams are encouraged to arrange development expenses in either the Renos or Drac recieved rather than liquidating for bitcoin or other currencies on the market although it is ackonowledged that sometimes this wont be possible. It will be specified in the withdrawal request wether the expense will remain in Renos or Drac or be sold on the market.
Official launch date and instructions on how to take part will follow shortly.
DRAC Bitcointalk page: https://bitcointalksearch.org/topic/old-ann-drac-drac-a-safe-coin-for-a-daily-use-1806593
Renos Bitcointalk page: https://bitcointalksearch.org/topic/ann-rns-renos-a-community-based-cryptocurrency-1809933
Renos will be offering 1,000,000 DRAC via thier telegram crowdfunding tool with the following agreed terms:
- For every 4 RNS sent, 1 DRAC will be given.
- Any RNS raised by the crowdfund will enter escrow in which the DRAC team can request withdrawals for development. Withdrawal requests have to be publically announced 24 hours prior to the withdrawal either by DRAC team or Escrow. This is to inform the community of development actions and prevent potential misuse as the escrow reserves the right to postphone the withdrawal if there is a strong community backlash against it.
- Renos team will receive 250,000 DRAC to enter the same escrow rules as above. In return they will provide support setting up an ICO for the remaining supply at a later date, Promotion, Announcement page & website.
- If the ICO for the remaining supply occurs in the month (30 days) after the starting date of the Renos crowdfunding campaign, the price must be above the 1:4 swap ratio to ensure that the renos coins sell out first.
- Both teams are encouraged to arrange development expenses in either the Renos or Drac recieved rather than liquidating for bitcoin or other currencies on the market although it is ackonowledged that sometimes this wont be possible. It will be specified in the withdrawal request wether the expense will remain in Renos or Drac or be sold on the market.
Official launch date and instructions on how to take part will follow shortly.
DRAC Bitcointalk page: https://bitcointalksearch.org/topic/old-ann-drac-drac-a-safe-coin-for-a-daily-use-1806593
Renos Bitcointalk page: https://bitcointalksearch.org/topic/ann-rns-renos-a-community-based-cryptocurrency-1809933
Good info
